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post #111 of 123 (permalink) Old 09-29-2008, 12:44 PM
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Statistics don't support that. I wish they did. Last time that was true, and it had little to do with Clinton was in 1996. Once NAFTA and offshoring took hold, the balance started turning.
Well, here are some current statistics... Put them in your pipe and smoke it, along w/ whatever else your smoking!
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Don't believe everything you think

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post #112 of 123 (permalink) Old 09-29-2008, 12:48 PM Thread Starter
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One year ago, just after this thread settled out, the DOW was at 14,087.55. Today it is hovering around 10,600 [though something will occur at 3:53]. That is a 3487 drop in one year. That is a -25% in a year.

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post #113 of 123 (permalink) Old 09-29-2008, 12:53 PM
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One year ago, just after this thread settled out, the DOW was at 14,087.55. Today it is hovering around 10,600 [though something will occur at 3:53]. That is a 3487 drop in one year. That is a -25% in a year.
SO WHAT?

In 1987 the Dow dropped over 25% in one DAY!

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post #114 of 123 (permalink) Old 09-29-2008, 01:03 PM Thread Starter
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Well, here are some current statistics... Put them in your pipe and smoke it, along w/ whatever else your smoking!
You have any data that is less than 18 months old?

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post #115 of 123 (permalink) Old 09-29-2008, 01:10 PM
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You have any data that is less than 18 months old?
The homeless and poverty dara are as current as the Census Bureau data can be, and the living standards data are from June 1, 2008!

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post #116 of 123 (permalink) Old 09-29-2008, 01:10 PM Thread Starter
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SO WHAT?

In 1987 the Dow dropped over 25% in one DAY!
That is much of the point. The 1987 crash was just that. This is systemic. This one is in the foundation.

1987 was the end of a long bull run [five or six years]. In this economy, we have had fits and starts for the past 9 years, with no "correction" reasoning for a crash.

Interestingly, derivative securities, illiquidity, trade and budget deficits are usually cited as the primary triggers outside of the bull run. Apparently we don't learn.

By the way, that was a Reagan Supply Side Economic Crash wasn't it?

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post #117 of 123 (permalink) Old 09-29-2008, 01:14 PM Thread Starter
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The homeless and poverty dara are as current as the Census Bureau data can be, and the living standards data are from June 1, 2008!
Um, the "living standards data" is a survey from USA Today. It doesn't count for anything. I am surprised "are you happy" isn't in the questions.

Also, the population of the US has grown by nearly 50% in the time frame. So a 10% growth is really a negative REAL person growth number. Yes more people are doing better but more people are doing worse also.

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post #118 of 123 (permalink) Old 09-29-2008, 01:30 PM
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That is much of the point. The 1987 crash was just that. This is systemic. This one is in the foundation.

1987 was the end of a long bull run [five or six years]. In this economy, we have had fits and starts for the past 9 years, with no "correction" reasoning for a crash.

Interestingly, derivative securities, illiquidity, trade and budget deficits are usually cited as the primary triggers outside of the bull run. Apparently we don't learn.

By the way, that was a Reagan Supply Side Economic Crash wasn't it?
Your comments are indicative of the systemic problems we face. You can't leave it go as a terrible problem that we must all pull together to solve. You, like Pelosi a few minutes ago, must try to point fingers at others--bogus as your attempts to impugn others are. Her comments cost the bailout bill passage, and yours just continue to stir the pot--at the worst possible time to do such nonconstructive things.

DOW DOWN over 700 points NOW thanks to irresponsible comments of partisans who think they know it all... SAD!

Don't believe everything you think

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post #119 of 123 (permalink) Old 09-29-2008, 02:38 PM Thread Starter
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Your comments are indicative of the systemic problems we face. You can't leave it go as a terrible problem that we must all pull together to solve. You, like Pelosi a few minutes ago, must try to point fingers at others--bogus as your attempts to impugn others are. Her comments cost the bailout bill passage, and yours just continue to stir the pot--at the worst possible time to do such nonconstructive things.

DOW DOWN over 700 points NOW thanks to irresponsible comments of partisans who think they know it all... SAD!
I get hired by companies to determine the problems they have with their business or systems, derive solutions and implement them. Looking at the worst problems, when they are occurring and insuring that EVERYONE knows what those problems are and from where they originate is paramount in making those first steps in determining the extent of the problem. It is the MOST CONSTRUCTIVE thing that you can do.

The key is to make sure that all the players have the blinders OFF. You refuse to take that singular step. Until then you will never understand the problem.

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post #120 of 123 (permalink) Old 09-29-2008, 02:49 PM
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I hope the Dow goes back to 600. "Hello...." says Mr. Carter...

"If spending money you don't have is the height of stupidity, borrowing money to give it away is the height of insanity." -- anon
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